550 SIMPSON ST

PID: 342923230037· 2 fields stubbed (see below)

Property Overview

Parcel ID342923230037

Lot Size4,356 sq ft (0.090 ac)

Lot Dimensions (est.)42 ft wide × 44 ft deep

Year Built1909

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerSAMUEL D CHOO SARAH A STOFFER

Assessed Value$337,900

Land Value$35,000

Building Value$302,900

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potential programs

Saint Paul STAR Grants & LoansMedium

Saint Paul's Sales Tax Revitalization (STAR) program provides grants and loans for commercial, mixed-use, and neighborhood improvement projects. Applications accepted annually.

Saint Paul — STAR Program ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

7 permits on record since 2017 · $35K total declared value · Most recent: Jul 2021 (building permit)

Building PermitJul 2021Finaled

—

HOFFMAN WEBER CONSTRUCTION INC

PlumbingJun 2020Finaled

$800

JEFFERY NORBLOM NORBLOM PLUMBING CO

ElectricalJun 2020Finaled

$495

Spark Electric Co

Warm Air, Ventilation & General SheetJun 2020Finaled

$11K

TODD FERRARA STANDARD HEATING & AIR CONDITIONING INC

MechanicalMay 2020Finaled

$11K

TODD FERRARA STANDARD HEATING & AIR CONDITIONING INC

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Hamline Midway Coalition · Saint Paul

Median reported rent524/mo

Renter-occupied32.7%

Median home value$259K

Vacancy rate6.2%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 322

Zoning

H1Residential

Residential — small-scale multi-unit housing (up to 4 units)

Typical Uses

·Single-family homes
·Duplexes
·Triplexes
·4-unit buildings

Max Height35 ft

Min Setbacks

Front

10 ft

Side

5 ft

Rear

10 ft

Development Potential

Setbacks

Front10 ft

Side (each)5 ft

Rear10 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth24 ft

Area~1,476 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 1,476 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
548 SIMPSON ST	J T ENTERPRISES LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$222,900	37 ft
556 SIMPSON ST	DAVID A STAUFFACHER	SINGLE FAMILY DWELLING, PLATTED LOT	$263,200	38 ft
544 SIMPSON ST	RYAN COLBY ANDERSON DREW COLBY ANDERSON	TWO FAMILY DWELLING - UP/DWN	$242,300	74 ft
560 SIMPSON ST	CAITLIN IGNASIAK	SINGLE FAMILY DWELLING, PLATTED LOT	$223,900	75 ft
1483 CHARLES AVE	BENJAMIN E AMEL AMARA G WEBER	SINGLE FAMILY DWELLING, PLATTED LOT	$248,200	95 ft
564 SIMPSON ST	JOEL VELEZ MICHELE VELEZ	SINGLE FAMILY DWELLING, PLATTED LOT	$249,700	112 ft
1479 CHARLES AVE	ANTRONETTE JACOBS FOREST L CLARDY JR	SINGLE FAMILY DWELLING, PLATTED LOT	$347,400	132 ft
1482 EDMUND AVE	JANE R YETTER	THREE FAMILY DWELLING, PLATTED LOT	$338,600	141 ft
568 SIMPSON ST	ELIZABETH M HESSLER	SINGLE FAMILY DWELLING, PLATTED LOT	$242,300	150 ft
1478 EDMUND AVE	SHANNON M WHALEY	SINGLE FAMILY DWELLING, PLATTED LOT	$205,500	168 ft

Property History

Most Recent Sale

Date2017-05-26

Price$230,000

Type—

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount. See README for details on which sources are live vs. stubbed.